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LearnFxJourney
May 20, 2020 2:55 AM

20-5-2020 - H4 EU - Consolidation  

Euro Fx/U.S. DollarFXCM

Description

Throughout yesterday session, price has respected and rejected the 4H EMA C FB setup which has confluence with the Institutional level 1.092, 4H Support & Fib 70.5 level.
As of now, price seems to be consolidating between the range of 1.095 -1.092 Region. I'll wait for clearer price action on this pair for further confirmation. I'll want to see price break below 1.092 or breaking above 1.095 before forming a new bias.

Bias = Bullish
Structure = Range
Setup = No
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